During the last session, Mullen Automotive Inc (NASDAQ:MULN)’s traded shares were 1.01 million, with the beta value of the company hitting 2.07. At the end of the trading day, the stock’s price was $4.08, reflecting an intraday loss of -8.93% or -$0.4. The 52-week high for the MULN share is $2686.50, that puts it down -65745.59 from that peak though still a striking -0.74% loss since the share price plummeted to a 52-week low of $4.11. The company’s market capitalization is $26.72M, and the average intraday trading volume over the past 10 days was 0.84 million shares, and the average trade volume was 743.47K shares over the past three months.
Mullen Automotive Inc (NASDAQ:MULN) trade information
Mullen Automotive Inc (MULN) registered a -8.93% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.93% in intraday trading to $4.08, hitting a weekly high. The stock’s 5-day price performance is -6.21%, and it has moved by -37.80% in 30 days. Based on these gigs, the overall price performance for the year is -99.84%. The short interest in Mullen Automotive Inc (NASDAQ:MULN) is 0.93 million shares and it means that shorts have 1.41 day(s) to cover.
Mullen Automotive Inc (MULN) estimates and forecasts
In the rating firms’ projections, revenue will increase 100.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $37.3 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $37.1 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $14.8 million and $19.41 million respectively. In this case, analysts expect current quarter sales to grow by 152.00% and then jump by 91.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 44.05%.
MULN Dividends
Mullen Automotive Inc is due to release its next quarterly earnings between May 13 and May 17. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Mullen Automotive Inc (NASDAQ:MULN)’s Major holders
Mullen Automotive Inc insiders own 1.71% of total outstanding shares while institutional holders control 11.71%, with the float percentage being 11.91%. Vanguard Group Inc is the largest shareholder of the company, while 51 institutions own stock in it. As of Jun 29, 2023, the company held over 0.35 million shares (or 0.19% of all shares), a total value of $0.34 million in shares.
The next largest institutional holding, with 0.26 million shares, is of Two Sigma Investments, LP’s that is approximately 0.14% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $0.25 million.
Also, the Mutual Funds coming in first place with the largest holdings of Mullen Automotive Inc (MULN) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 0.24 million shares. This amounts to just over 0.13 percent of the company’s overall shares, with a $0.23 million market value. The same data shows that the other fund manager holds slightly less at 98891.0, or about 0.05% of the stock, which is worth about $95855.0.
